- Landic Property hf. - Bonds issued by Landic Property moved to Observation List

| Source: NASDAQ Iceland hf. NASDAQ Iceland hf. 

Bonds STOD 03 1, STOD 06 1, STOD 06 2  and  STOD 09 0306, issued by Landic
Property hf., have been moved to the Observation List with reference to an
announcement on 9 January 2008 regarding  the company's  payment difficulties.